In the backdrop of soaring inflation, Pakistan has dropped ‘petrol bomb’ on the masses to appease the International Monetary Fund for unlocking a critical loan tranch to help the country deal with its economic crisis. The ‘petrol bomb’ was dropped subsequent to the unveiling of the tax loaded ‘mini budget’ to extract Rs 170 billion from the people through new taxes and increase in electricity and gas prices.
In this video, you will understand Why did Pakistan hike petrol and gas prices? What is Petrol Bomb? What is the price of petrol in Pakistan? Why does Pakistan want to appease the IMF? What are IMF Conditionalities? What is the IMF bailout package for Pakistan? Don't forget to like, share and subscribe to our YouTube channel for more such current affairs videos for your UPSC preparation.
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